PREATONI TOWER JL JLT D U B A I P R O J E C T P R E S E N T - - PowerPoint PPT Presentation

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PREATONI TOWER

JL JLT

D U B A I

INDEX

• Project History
• Who is Preatoni
• Where we operate
• Business Model
• How we operate
• Localization
• Case history - Preatoni Tower JLT
• Contact

PROJECT HISTORY – DUBAI STAR

• After the global financial crisis the Dubai real estate sector

suffered severely, causing various developers to stop construction and leaving many projects on hold.

• Initially named Dubai Star, launched by ACI, was one of

these projects, and despite its beautiful location in Jumeirah Lake Tower, no solution was found until November 2013.

• In January 2014 we re-opened the building site, saving the

investment of the promissory buyers.

• In 2016 we decided to change the name in Pr

Preatoni To Tower JL JLT

LAUNCHED IN 2006

554

Mixed-Use Units

location

JUMEIRAH LAKE TOWER

WHO IS PREATONI

The Pre reatoni gro roup was founded by Ern rnesto Pre reatoni who, after a successful career in finance, start rted building his re real estate galaxy in the 70’s. The group operates in the Real Estate and Tourism sector which now employs more than 5000 people. «We Offering Only Our Very Best to Rescue The Investments Of Future Clients»

WHERE WE OPERATE

In Italy

Preatoni owns and manages 27 27 hotels u under t the Domin ina br brand, one

• f the best r

recogniz ized b brands in in Italia ian h hospit italit ity s sector.

In Russia

Preatoni owns and manages the a award win innin ing Domin ina Prestig ige S

• St. P

Petersburg and the newly opened Domin ina Ho Hotel Novosib ibir irsk, as well as s several resid identia ial d developments in the cities of Tomsk, Tyumen, Omsk, Ekaterinburg, Kaliningrad.

In Egypt

Preatoni owns and manages the b big iggest r resort on the Red Sea, the iconic Domin inaCoral Bay in in S Sharm E El S Sheik ikh . .Opened in 1993, with an an area o

• f o

f over o

• ne m

mil illio ion sq sq/mt mt it is more than a hotel: at its maximum capacity it can accommodate 5000 guests and 4000 staff.

In the Baltic countries (Estonia, Latvia, Lithuania) Ernesto Preatoni is the founder and major shareholder of Pro Kapital Group,

a publicly listed company who is the undisputed leader in the local real estate market. In its 25 years of successful operations, it has developed and managed several hotels, shopping malls as well as multiple commercial and residential projects.

In Dubai

Preatoni took over the distressed project named "D "Dubai Star" r" in 2014. The project had been on hold for three years and was at a completion stage of 38%. As As of now (January 2018) th the proj

• ject

t is at t 99% co completion and is due for ha hand ndover in in Q2 2018.

BUSINESS MODEL

1

Due diligence 2

3 4 5 6 7 8

Define the financial structure Collaboration with Dubai courts Investment Opportunity Solution with previous investors / owners Fundraising Construction Delivery

HOW WE OPERATE – OUR VALUES

No risk coming from new sales. All of the targeted projects have one thing in common: they were marketed by a previous developer and they come with existing contracts signed with promissory buyers. Knowledge of international Real Estate markets: the Preatoni group has successfully managed and developed a number of projects in Italy, Switzerland, USA, Egypt, Russia, Estonia, Latvia, Lithuania. Locally established structure: Preatoni Real Estate Development LLC has been well established, Dubai based company since 2013. The company consists of highly trained staff with specific know-how in regard to distressed projects, and is well recognized by the local authorities such as Dubai Land Departments, Dubai Municipality, Civil Defense, Master developers etc... 30%/60% payment ”sweet spot” is ideally where we want our promissory buyers to be. If they have paid less than 30% they may be not motivated to continue with the payments, if they have paid more than 60% it's likely that the receivables won't cover the project's costs. No risk in regards to Real Estate market cycles: Dubai's Real Estate sector is highly dynamic yet somewhat volatile. Since we target stalled projects where promissory buyers have already purchased the units, we are immune to market swings. Escrow account law: Law no.(8) of 2007 states that all received amounts from promissory buyers shall be collected in a project's escrow account. Furthermore, all the payments toward the contractor or any other third party involved in the project's development are released from the escrow account only after being certified by a government approved independent engineer. This provides full transparency to all the involved parties.

LOCALIZATION

JLT was named best free zone in the world for 3 consecutive years and consists of 80 mix-use towers being constructed along the edges of three artificial lakes (Lake Almas West, Lake Almas East, JLT Lake) as well as the JLT Embankment of 8 tower facing Jumeirah Islands.

Jumeirah Lake Tower is the closest district to the famous Dubai Marina.

CASE HISTORY Preatoni Tower

• This project was a

a considerab able chal allenge even for an experienced group such as ourselves: to ga gain back ck the trust of

• f

th the investo tors after such a complicated history was no easy task.

• We brought our Italian know-how to the project , and our

engineers and project managers worked hard to restart a construction site that had been on hold for such a long time.

• At its peak,

, the site operates with 550 550 workers.

• Only 6 of 320 promissory buyers didn’t continue their payments
• It was no easy task, but we are delighted to have re

rescued t the he in investment of our clients and now we we wa want to re replicate this s mo model in the next pr proje ject.

551 551 of

• f 554

554

Units sold before completion

196 mt. high

It’s the 2n

2nd higest

tower of JL JLT with 46 floor and 2 pools

JLT

Aspin Commercial Tower Office No. 3203 Sheikh Zayed Road, Dubai , UAE

+971 4 3 550 461

www.dominacoralbay.com www.prokapital.com www.ernestopreatoni.com www.preatoni.ae Edoardo Preatoni +971 +971 561386394 561386394 edoardo:@preatoni.ae Faheem Muzafar +971 +971 564062851 564062851 faheem@preatoni.ae Nazli Saidi +971 +971 568741144 568741144 customercare@preatoni.ae Paolo Ortolani +39 +39 338 338 8038790 8038790

• rtolani.paolo@gmail.com